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Gbpshort

GBPUSD sell ideaAs you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT be careful with how you trade this and remember not to hunt that trade you want to take.....just follow what price is telling you! most inner structures are locked in so we only have our expansion move left to reach out to or untouched areas! watch and react accordingly! If you like this idea show us below HIT THAT LIKE & SHARE BUTTON
Short
by rosshayes
Did GBP/NZD hit a sell signal? The GBP/NZD has continued to sink from its recent high of 2.032 and is now well below the 2.000 level that the pair closed below on Tuesday. A major factor determining the movement of this pair is the respective inflation rates data from each country that was released this week. The annual Inflation rate for the United Kingdom rose back to 10.1% in September from 9.9% the month earlier, despite the Bank of England’s consistent rate hikes. Meanwhile, New Zealand’s inflation rate eased slightly in September to 7.2% from 7.2% the previous quarter. While the fall In the NZ inflation rate was practically insignificant, it is at least moving in the direction you would expect after consistent rate hikes from the Reserve Bank of New Zealand. Overall, GBP/NZD's outlook looks bearish from a technical perspective. For one, the Aroon Indicator in the 4-hour chart is signaling a sell. The Aroon blue ‘down line’, is currently travelling along at the 100.00% level, indicating that the trend favours the downside. Meanwhile, the Aroon red ‘up line’ is hovering just above the 0.00% area. According to this indicator, the closer a line is to zero the weaker the trend, thus the up line present here indicates a weak upside potential for the GBP/USD. Knowing this, traders might like to look for a break in the minor support area around 1.9730 for the price to continue at 1.96000 for a short-term trade. Further downside targets might include 1.9400 before encountering a solid demand zone. If support is formed in the 1.9400 area, buyers might want to wait for the Aroon Indicator to signal before taking a buy position for a possible retest at 1.9600.
by BlackBull_Markets
1
GBPUSD Double Bottom to 1.033 before ascentUsing SMC (assuming that this is properly executed), we expect that the price is to hit 1.033 levels before an ascent up to 1.1309 then further down again to 1.067 to 1.0595 then ascend further up to 1.1405 wherein 2 scenarios can happen: A. If 1.14650 breaks, then we can confirm an uptrend or B. If 1.135 does not hold, then we can expect 1.03 to break down to 1.005, now with the possibility of reaching its parity price of 0.967. With the fundamentals backing this up, this TA has a better chance of happening.
Short
by TokieTV
1
GBPUSD: UK's terrible GDP versus USA'sFundamentals : UK's GDP is not as lofty as the US GDP. In fact, it is estimated that the UK's GDP will dramatically trend worse this year and throughout the year of 2023. Compared this to the USA, which will have a flat GDP to slightly lower GDP relative to the UK's. It is this big picture that I have in my mind that causes me to go short the pound. Technicals : (1) Monthly twist of cloud coupled with the chikou span blasting down below the bars and below support is a bearish sign: (2) Weekly engulfing bearish candle continues the current trend. (3) Weekly moving averages are bearish: (4) The 4 hour chart continues to make lower lows and lower highs (5) The 4 hour chart is hosting a 1-2-3 pattern with a Ross Hook: Targets: 1.09 to 1.06 Reward to risk ratio: 2:1
Short
by Rocketman
3
The GBP in the reign of King Charles The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch. These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid economic uncertainties, the energy problems affecting Europe and before full recovery from the COVID-19 pandemic has been truly achieved. The British pound was modestly lower compared with other major currencies a day after the Queen's passing. However, the sterling had been relatively week even after the Truss was named prime minister. On Sept. 7, it dropped to a 37-year low of $1.1469. However, the pound has found some buyers since the seventh, bouncing from this low and climbing back to its last consolidation zone just above 1.7000. This is perhaps an odd bout of bullishness in the lead up to the release of the UK’s August inflation data due on Wednesday. Days before the Queen's death, Goldman Sachs warned that the UK could fall into recession in the fourth quarter of 2022, echoing earlier forecasts from Bank of England. Considering these bearish sentiments, all eyes are on how Truss and the new King will navigate the country of four nations through these murky economic waters. Long lived the queen Queen Elizabeth was 96 years old when she died. She was the UK's longest-reigning monarch and lived through the aftermath of WWII, the winding down of Britain’s vast empire, the 2016 Brexit vote and a global pandemic, among other major events. Following her death, her eldest son Charles takes the throne and the crown amid ongoing criticisms that the monarchy is outdated and absorbing public finances, CNBC reported. Considering the country's current financial situation, it is not too far off to assume that these disapprovals will only intensify. King Charles is already one of the richest people in the world. Being the monarch, he will also be responsible to the Crown Estate, which comprises 15.6 billion pounds ($18.25 billion) of property, according to Financial Times senior business writer, Andrew Hill. While the Royal Family may not have a direct hand at UK's financial policies, it falls on the new King the responsibility to rally public sentiment, especially during a period of crisis. Andrew Roberts, a historian and professor at King's College London, was cited by CNBC as saying that the new monarch intends to "slim down the Royal Family" to show solidarity with the rest of the country during a "massive cost-of-living crisis." Trusting Liz Truss Amid the troubling times in the UK, perhaps harder work is demanded more from new Prime Minister Truss than any other person in the country. In her last public engagement, the Queen met with Truss two days before her death to ask the latter to form a new government. Truss immediately jumped into action, unveiling a 40 billion-pound energy support package for homes and businesses in the UK amid soaring electricity and gas prices, exacerbated by the reduction of supply from Russia after it faced sanctions over its military action against Ukraine. The plan includes a 2,500 pound cap on household energy bills for 2023. Truss took office also after the annual inflation rate in the UK reached 10.1% in July, marking a record high since February 1982 and a peak among G-7 nations. Her election victory also comes on the back on the biggest rate hike in the country in 27 years, which is also expected to further grow once the Bank of England resumes its monetary meeting following a period of mourning for the Queen. Earlier unveiled economic plans for the Truss government also includes an emergency budget targeted at reversing the recent increase in national insurance contributions, as well as the removal of the corporation tax hike scheduled for April 2023.
by BlackBull_Markets
UK electing new leader; how will this affect the GBP? As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy. Only a few days remain until the new prime minister is appointed, so the current polls are indicative of the election's results projections, especially if the difference is significant. Liz Truss is ahead of Rishi Sunak, with the recent polls placing Truss 30 points ahead of Sunak. If nothing radical happens in the next several days, Liz Truss will be a prime minister, with odds of 91%, according to The Telegraph. What are the implications for GBP? Liz Truss stands out by having an agenda including popular policies, such as lowering taxes. On the contrary, Rishi Sunak is focused on tight fiscal policies, including raising corporate taxes. In an already high-inflation environment, low taxes could push consumer prices even higher. The Bank of England is likely to step in and raise the interest rate in response, potentially supporting the GBP. Therefore, if Liz Truss takes control of the UK government, the GBP may strengthen. The bearish sentiment for GBP may occur if Rishi Sunak wins. Technical view on GBP The GBP bulls may want to look at GBP/JPY, as the yen has been weak across the board in 2022. The pair is in a long-term uptrend, as the prices stay above 200-day MA. Since the beginning of August, GBPJPY has been consolidating under 50 and 100-day MAs, forming a triangle. The breakout above the upper border and MAs around 163.0 may end the long-term correction and send prices to the 168.0 resistance. Alternatively, GBP/USD could be an appropriate pair to go short if the pound acts weak. As seen above, the market is approaching Covid-19 lows near 1.14, with local resistances at 1.18 and 1.22.
by BlackBull_Markets
GBPJPY SHORTHello guys, since the GBP is dropping big time since that the interest rates of 1.75% was the only way to save the currency from a giant drop. What does this mean in short term and long term. Short term: We're going to see alot of market manipulation trying to pull the currency upwards. Long term: Interest rates does not work on the long term, at a slow pace we will see that the bullish phase will die out which makes the currency GBP drop. If you have any ideas about this or tips please let me know in the comments.
Short
by RoyalTradingPRO
2
GBP/NZD Fundamental, Technical & SignalFUNDAMENTAL ANALYSIS GBP/NZD Price Impacting Economic Events *( GBP upcoming events are important and leading economic indicators and WILL impact price during trade, increasing volatility and unpredictability ) ……………………………………………………………………………………. GBP TODAY Economic Events: - Unemployment Rate ( 3.8 same as previous ) - Unemployment Claims ( -20.1k higher than previous ) GBP Upcoming Economic Events - Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous ) - Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous ) - Retail Sales ( Forecasted -0.2%, -0.3% higher than previous ) - S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous ) *GBP Economic Condition Thesis: Peak - Early Contraction - Overheated/reached peak, BoE ( Bank of England ) recognized, understands and expressed the upcoming of a slowing economy through forecasted rates for economic announcements. ……………………………………………………………………………………. NZD Previous Economic Events - .5% interest rare hike, total 2.5% interest rate - Business NZ PMI 49.7 ( falling below 50 supports contraction phase in equities market. Lowering earnings, income and free cash flow ) - Year over Year inflation rate 7.3%, higher than forecasted and previous - Quarter over quarter inflation rate 1.7%, higher than forecasted and lower than previous NZD upcoming economic events: - Balance of trade ( 398M forecasted to be higher than previous ) - ANZ Business confidence ( previous -62.6, supporting consumers decisions to spend less ) NZD Economic Conditions Thesis: Established contraction phase from reaching peak . Increasing inflation addressed with dovish interest rate hike. BUSINESS PMI and Confidence levels are well below healthy conditions supporting contraction phase in New Zealand's equity market caused by declining consumer spending and higher prices for goods and services. ………………………………………………………………..……………………. TECHNICAL ANALAYSIS Price Action: - Trading above Mid Term Downtrend( 8 months ), within short and long moving averages and near 52 week lows. Volume: - Relatively more selling than buying in most recent sessions and 1 random spike in both buying and selling volume above average 2 days short of 1 month. RSI: - Neutral between 50 - 25 Oversold Vortex: - Converged and starting to form a bearish cross above bullish trend momentum. ………………………………………………………………..……………………. SHORT SIGNAL: - Sell Limit 1.96600 - Profits 1.92700 - 1.89500
by charrison4300
FOREX SCHEDULEWhen the MONEY SWING HAPPENS the route BEGINS: The fake out to clean out BUY side liquidity. Then DIP to create low of the session. A Few Set ups will present afterwards. As Snipers we are trained to snipe with no hesitation. Our entries rarely have draw down because we trade with the INTERBANK ALGORITHM that provides price delivery for the Forex Market. We KNOW the schedule. We then leverage this wisdom to create our OBJECTIVE formulas and strategies to extract as many pips out of every move that the market makes at the BEGINNING of the move. TIME & PRICE are the only TWO indicators you need. Add in confluence of MACRO & MICRO PP. Consolidation zones (areas of liquidity where TRUE STRUCTURE resides.) You have the framework to build any set up to trap price for the snipe. Past price action tells the narrative everyday for future price action and set ups.. Because price is predictable just like the cycles of the year and the Morning and Nighttime. They come regardless. This is the same with FOREX. A 3-5 PIP ThresHOLD will keep you in the game and allow you to adjust if your set up shows signs of not holding up. Never over leverage. Trust your trade set up. Have Fun!
Short
by Master-Jedi-Trader
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (LONG TERM) We have 1 Downtrend in red color (LONG TERM) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP\USD The Great British Pound will become great againBut a little later. The chart is still bearish; I see no reason to explain the direction. It's just another opportunity to ride the wave. Yes, we have unfilled imbalances (Fair Value Gap) upstairs, which can be a magnet for the price, but they must remain untouchable until the price reaches the mark 1.97. Sure, if the pound does not want to die. Why? Cuz price delivery must have a reason. A filled imbalance from above will mean that the price has no reason to go higher in the near future. Is it possible? Yes. But! We have a synchronized bearish trend (Monnth>Week>Day>4h) and a powerful imbalance magnet down below. In case we close even the daily candle above 1.264 this will mark the start of a bullish cycle. But bullish cycle from where? Partial liquidity grab from low of May 2020? Looks like a trap for fake optimism. The true purpose is to fill the imbalance below. What will happen after that? I'll tell you if the bull trend starts. Conservative trade - stop above daily sponsored candle 1.264 Aggressive trade - stop above "buy to sell move" 1.258 I am a day trader and will look for entry into a position intraday on lower timeframes, but you can search for shorts inside the zones that I marked on the charts. Friendly reminder. Respect the risks and try to enjoy the process. Good luck folks <3
Short
by vuspenskyi
1
GBP/USD - Short Sell Fundamental and Technical Set UpThe British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in the US is still under debate given the strength in the labor market. I am looking at taking a short sell position below $1.28 on the exchange rate.
Short
by KayansMarkets
1